Consolidator Fairstone has secured additional investment from global private equity house TA Associates, with regulatory approvals granted last week.

The deal will see TA take a stake in the financial advice business. Fairstone said it could not disclose the amount of the investment but described it as a “triple-boost”.

The consolidator will also see current private equity backers Synova reinvesting into the group, while current funders Alcentra has also increased the “scale of the acquisition facilities available” to the company.

Read more/Source: Money Marketing